DeanoGunz

HOW TO SWING TRADE BTC DESCENDING TRIANGLE, TAKE PROFIT NOW

Short
COINBASE:BTCUSD   Bitcoin
Good morning everyone, iv got a SUPER EASY TRADE opportunity going on for BTC today. We have hit the resistance of our descending triangle (see last post for significance of resistance). This means that the price is likely to drop from here. IMHO its time to take profits and wait till we fall and hit the support line at the bottom of our triangle. SELL points are located at the RED arrows, BUY points are located at the GREEN arrows. The green circle is most likely where the price will bounce off of support and where I will begin my next trade. The goal is to get up to 1 BTC before the big bull run by swing trading patterns like these.

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